Fazer Group’s operating profit amounted to 49.0 M€ and the Group’s financial position remained strong.

The Group’s net sales totalled 1,695.7 million euros; a 2.3 per cent increase from 2012.

Fazer’s cash flow from operating activities was 115.3 million euros.

The Group’s interest-bearing net debt decreased and totalled 33.3 million euros at the end of the year.

The Group’s equity ratio increased to 58 per cent.

Fazer acquired SMI, a Norwegian company with net sales of 8.7 million euros from November to December 2013.

At the end of 2013, 15,595 people were employed at Fazer, a 0.3 per cent increase from the previous year.

Christoph Vitzthum was appointed President and CEO of the Fazer Group as of 1 October 2013.

In line with his decision to resign at age 60, Group President and CEO Karsten Slotte left the company in October 2013.

Andreas Berggren was appointed Managing Director of Fazer Food Services in August 2013.